Overdue Amount Varies By Loan
Pay Your Overdue EMI & Protect Your Credit Score
Enter mobile and OTP · No password needed · No branch visit needed
What does it mean to have an overdue EMI?
An overdue EMI is a scheduled loan instalment that remains unpaid after its due date. Delaying the payment may result in applicable charges and can affect your repayment record depending on how long the amount remains unpaid. Reviewing your repayment schedule regularly can help you identify upcoming EMIs and take timely action. You can use your lender’s authorised digital channels to check your loan details, upcoming EMI due dates and payment status. If an EMI has already become overdue, review the outstanding amount before making the payment. The amount payable may include the overdue EMI along with applicable charges, depending on your loan account.
How to avoid overdue EMIs online
You can reduce the risk of an overdue EMI by monitoring your repayment schedule and completing payments through authorised digital channels.
Use these practices to manage your EMIs online:
- Check your EMI due date: Review your loan account regularly so you know when the next instalment is due.
- Keep sufficient funds available: Ensure the account used for scheduled payments has adequate funds at least 3 days before the due date.
- Pay before the due date: Make an online payment early enough to account for any processing time.
- Check payment status: Confirm that the payment has been processed and reflected against your loan account.
- Track upcoming instalments: Review your repayment schedule periodically to avoid overlooking an EMI.
- Keep your registered mobile number active: This helps you receive relevant loan and payment notifications.
If an EMI is already overdue, prioritise checking the account status and resolving the outstanding payment rather than waiting for further reminders.
How to pay an EMI online through Bajaj Finance
You can use the Bajaj Finance App or My Account portal to access available online loan payment options. Reviewing your loan account before making a payment can help you confirm the amount due and identify any outstanding instalments.
To make an online EMI payment:
- Open the Bajaj Finance App or visit the My Account portal.
- Sign in using your registered mobile number and verify the OTP.
- Go to the relevant loan account under the available account or service section.
- Review the EMI due or outstanding amount and payment status.
- Select the available online payment option and complete the transaction through the authorised payment method.
- After payment, check the loan account to confirm that the payment status has been updated.
Keep the payment confirmation or transaction reference for your records. If the payment status does not update, check the account again after the applicable processing period and use the available support or grievance channel if required.
What continued overdue payments lead to
Continued overdue payments can lead to progressively more serious account-level consequences. The longer an EMI remains unpaid, the more the outstanding obligation may increase through applicable charges, while continued non-payment can affect your CIBIL record and lead to further recovery communication. If you have already received a legal notice, review the notice carefully and take action within the stated timeline.
| Stage | What it means | Why it matters |
| First missed EMI | Payment overdue, a penal charge as applicable | Cost of the missed EMI increases beyond the instalment itself |
| Repeated missed EMIs | Account reported as overdue to CIBIL | Lowers your credit score and affects future loan eligibility |
| Continued non-payment | Recovery communication from your lender begins | Signals the account is moving toward formal recovery |
| Beyond the notice period, if a legal notice has been issued | The next stage of recovery action, as set out in the notice, may follow | Continued overdue status after a notice does not delay this stage |
Addressing an overdue EMI promptly can help you understand the current status of your account and the amount required to bring the payments up to date. If you have received a legal notice, follow the instructions and timeline stated in it, and use the lender's official channels to clarify any account-related concerns.
What should you do if an online EMI payment fails?
If an online EMI payment fails, check the transaction and loan account promptly to confirm whether the EMI remains unpaid. A failed payment attempt does not necessarily mean that the loan account has been updated, so it is important to verify the payment status before taking further action. First, check your bank or payment account to see whether the amount was debited, and then review your loan account to confirm whether the EMI has been received and updated.
If the EMI remains unpaid, use an available authorised payment option to clear the applicable outstanding amount. Keep the transaction details and payment confirmation for your records, particularly if you make another payment after the initial attempt fails. If the amount has been debited but the EMI status is still not updated, avoid making repeated payments until the transaction status is clear. Contact the lender through an official channel and provide the relevant transaction reference for assistance.
Resolve common queries with the articles below
Frequently Asked Questions
Preventing Overdue EMIs
Clearing Existing Overdue
Can I change my EMI payment method online?
Available payment methods depend on the loan account and lender's facilities. Check your loan account through the authorised digital platform to see the payment options currently available for your EMI.
How can I know whether my EMI payment was successful?
You can verify the payment status through your loan account after completing an online transaction. You should also retain the transaction reference or payment confirmation until the payment is reflected in the account.
Can an overdue EMI affect my future loan applications?
An overdue repayment can affect your credit record, which lenders may consider when assessing future credit applications. The effect depends on the repayment record and information reported to credit information companies.
What if my bank account had insufficient funds on the EMI due date?
If insufficient funds cause an EMI payment to fail, check your loan account to confirm whether the EMI remains unpaid. Arrange the applicable payment through an authorised channel and review the account status after the transaction.
Should I make another payment if my first online EMI payment is still pending?
Check whether the amount has been debited and whether the loan account shows the payment as received before making another payment. If the status remains unclear, contact the lender through an official channel to avoid duplicate payment.
More Articles
Disclaimer
While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. In case any inconsistencies observed, please click on reach us.
*Terms and conditions apply.